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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label Import Substitution. Show all posts
Showing posts with label Import Substitution. Show all posts
Sunday, May 02, 2010

Why “Buy Philippines” Will Make Filipinos Poorer

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``Protectionism is simply a plea that consumers, as well as general prosperity, be hurt so as to confer permanent special privilege upon g...
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